Caruso company''s suta rate

Assignment Help Accounting Basics
Reference no: EM131061854

Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(contributions - benefits paid) ÷ average payroll = $93,500 ÷ $971,500 = 9.62%].

If the next category (10% to less than 12%) would give Caruso a lower tax rate of 2.3%, what would be the amount of the voluntary contribution needed to get Caruso to that next category?

Reference no: EM131061854

Questions Cloud

Facts the national aeronautics and space administration : FACTS The National Aeronautics and Space Administration (NASA) is an independent federal agency charged with planning and conducting "space activities." One of NASA's facilities is the Jet Propulsion Laboratory (JPL) in Pasadena, California, which..
Calculate the gdp for both countries : BUS700 MACROECONOMICS  Calculate the GDP for both countries and discuss the usefulness of these data in deciding which, if any, of these two countries is likely to be experiencing an economic recession.
Demonstrate key supply chain challenges for businesses : This summative assignment is designed to allow the student to demonstrate their learning from the course.  The assignment will allow the student the opportunity to demonstrate key supply chain challenges for businesses in 2016, to explain why they..
Which infraorders include monkeys : Using your book and any notes from class, Compare Homo Erectus, Homo Neanderthalensis, and Homo Sapiens terms of the following features: Cranial Features (at least 3 features), skeletal features (at least 3 features), and Tool use/culture. You may..
Caruso company''s suta rate : Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(contributions - benefits paid) ÷ average payroll = $93,500 ÷ $971,500 = 9.62%].
What are the performance considerations : What are the performance considerations? What are the security requirements? Should we buy or build? What solutions does our competition leverage?
What is historic preservation and why is it important today : Who is Save Our Heritage Organisation (SOHO), what is their mission?. PLEASE do not "cut and paste" - use your own words to describe this historic preservation organization. Give at least three examples of HOW they educate, advocate and preserve i..
Problem regarding the audio and html5 : HTML5 supports several formats of audio. However, there is no single format that is compatible with every browser. Analyze two different ways that this issue can be addressed. Select the best solution for this issue and explain why you chose it.
Benefits and drawbacks of the design : Indicate any advantages and disadvantages as well as the benefits and drawbacks of the design. Include information about the ISP.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the average unit cost of manufacturing each paper

sutherland manufactures and sells 110000 laser printers each month. a principal component part in each printer is its

  How much should the village recognize as property tax

How much should the village recognize as property tax revenue in its government wide statement of activities for the fiscal year ended June 30, 2013?

  Discuss how the federal income tax structure affects choice

explain how the federal income tax structure affects the choice of financing use of debt versus equity of u.s. firms.

  Manufacturing overhead is applies to production on the

direct materials 3 yards at 6 per yard 18direct labor 4 hrs at 15.50 per hr 62variable overhead 4 hrs at 1.50 per hr

  What is the revenue recognition principle what is the

what is the revenue recognition principle? what is the current environment regarding revenue recognition? research a

  Prepare a complete statement of cash flows

Galley Corp., a merchandiser, recently completed its 2011 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all deb..

  Martin owns 1000 shares of stock in black corporation and

martin owns 1000 shares of stock in black corporation and 500 shares of stock in blue corporation representing 100

  Discuss why it is necessary for accountants to assume that

discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity

  On january 1 2011 climax corporation signed a 10000000 6

1. on january 1 2011 climax corporation signed a 10000000 6 10-year mortgage note to finance the construction of its

  Problem regarding the david entertainment

David's Entertainment is a merchandising business.  Their account balances as of November 30, 2012 (unless otherwise indicated), are as follows:

  What is the overhead rate per hour?

contemplating awarding a contract to the Azusa Manufacturing company for the assembly of wiring harnesses. Included in the cost estimate was 3,000 hours of direct labor. The company uses a plant-wide overhead rate. Assume that the projected overhead ..

  Article-one cost system isnt enough

1. To understand the importance of cost measurement and how it applies to different departments. 2. Compare Traditional cost systems versus today's cost analysis necessities.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd